Of course there is normal inflation, but just yesterday, I bought three boxes of Tula 223 55 grain ball ammo for $5.37 a box. I have some old Federal and some old American Eagle (I think) from 20 years ago that wasn’t much cheaper than that. Granted the Tula is painted/lacuered steel case, the slugs are FMJ ball.
Sunday, three weeks ago on an early Sunday morning I hit on my Walmart and got a 420 round ammo can (new 30 carbine can) of XM855LC1 Federal Lake City plant ammo - SS109 penetrators for $175......) honest dealers are still selling ammo at Pre-Newtown prices - not like some online retailers I won’t name.
If I was a dealer, I’d raise prices to benefit from the current panic. In a heartbeat.